| BLACK BEAR (RED LAKE) Project |
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BLACK BEAR (RED LAKE) |
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Country |
Canada
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Close to |
Red lake |
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Status |
GREEN EXPLORATION
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Surface |
24 km² / 5,930 acres |
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Latitude / Longitude |
51 N 7 / 93 W 41 |
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Legends
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| Risk and valuation analysis of the BLACK BEAR (RED LAKE) Project |
| Status Risk : Green exploration |
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| Title(s) of the BLACK BEAR (RED LAKE) Project |
 | Metalcorp Limited.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The claims are owned 100% by MetalCORP, subject to a 2% NSR royalty interest retained by the original vendors of the claims, of which 1% can be purchased by MetalCORP at anytime for $1.0 million. |
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| Location of the BLACK BEAR (RED LAKE) Project |
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The Black Bear Gold Property consists of 150 claim units (2400 hectares) covering a portion of the northeast extension of the East Bay Deformation Zone (EBDZ) in the historic Red Lake gold camp of northwestern Ontario
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| History of the BLACK BEAR (RED LAKE) Project |
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In November, 2003, MetalCORP optioned the Black Bear property to Goldcorp Inc. who spent $1.4 million on exploration work on the property over 2 years. Early in 2006 Goldcorp dropped their option thereby returning 100% of the property back to MetalCORP with several drill ready targets to test.
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| Geology of the BLACK BEAR (RED LAKE) Project |
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The Black Bear property is sandwiched between the Sidace Lake property and the East Bay property to the southwest that is being explored by the Wolfden Resources/Placer Dome Joint Venture. On the East Bay property, Wolfden and Placer recently announc more...
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Data last updated on : 12/31/2006
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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